pension account

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ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.pension account - a plan for setting aside money to be spent after retirement
plan, program, programme - a series of steps to be carried out or goals to be accomplished; "they drew up a six-step plan"; "they discussed plans for a new bond issue"
401-k, 401-k plan - a retirement savings plan that is funded by employee contributions and (often) matching contributions from the employer; contributions are made from your salary before taxes and the funds grow tax-free until they are withdrawn, at which point they can be converted into an IRA; funds can be transferred if you change employers and you can (to some extent) manage the investments yourself
individual retirement account, IRA - a retirement plan that allows you to contribute a limited yearly sum toward your retirement; taxes on the interest earned in the account are deferred
Keogh plan - a tax-deferred pension plan for employees of unincorporated businesses or for self-employed persons
References in periodicals archive ?
The accused withdrew N2 million from the complainant's pension account and investment account, thereby emptying the accounts,' he said.
Carolina replied that the PVAO would remit my husband's TAD pension to my pension account in Landbank.
That is the number of citizens who monthly deposit additional money on their pension account, which will be used as addition to their regular pension, with an option to withdraw them ten years in advance than the legal retirement period.
The payment for the insurance comprises two different parts: basic insurance, which is fully provided by the government, and the personal pension account, paid by rural residents themselves.
The ministry of personnel will be meeting on September 27 where it could be decided that a pensioner can now nominate any person, even a nonfamily member, to be entitled to the amount in his pension account after his death.
The bank based its calculations on a typical K3 pension fund client, with an 850 euro average monthly wage whose pension account balance stood at 1,000 euros at the beginning of 2008.
Now comes the caveat: Tier-II will be available only to those who have subscribed to Tier-I, the original pension account.
American newspaper Star-Ledger has reported that Mr Aromatise, 35, had spent most of the money and kept some of it in his pension account.
Under new legislation being introduced in 2012 employers will have to offer a pension account to employees and auto enrol them.
uk From 2012, up to 10million employees not in a workplace scheme will be automatically enrolled in a personal pension account unless they opt out.
According to the airline CEO Gerald Grinstein, Delta has not been in talks with potential financing partners but its investment advisers have said that the costs of keeping the pension account should not disrupt the airline's reorganisation plans.
Bond, who at the time was facing a federal indictment of his own, had lost most of his clients but was still a submanager on the pension account Chapman managed.